Common use of Accountability of Receiver Clause in Contracts

Accountability of Receiver. A Receiver is not responsible for a loss arising in connection with the exercise or execution of the Receiver's powers, nor for any act or default of an employee or agent of the Financier or the Receiver. A Receiver need not account for more money than the Receiver actually receives.

Accountability of Receiver. A Receiver is not responsible for a loss arising in connection with the exercise or execution of the Receiver's powers, nor for any act or default of an employee or agent of the Financier Secured Party or the Receiver. A Receiver need not account for more money than the Receiver actually receives.

Accountability of Receiver. A Receiver is not responsible for a loss arising in connection with the exercise or execution of the Receiver's powers, nor for any act or default of an employee or agent of the Financier Administrative Agent or the Receiver. A Receiver need not account for more money than the Receiver actually receives.